Value of 20 Pips in Mini Account - Dollars for 20 Pips in Mini Account

How do you calculate the value of 20 pips profit or loss in a mini account?

1 pip represents the smallest movement in a currency pair, utilized by traders in currency trading.

A 1-pip movement when trading mini contracts/lots equals $1 (calculated as 10,000 currency units * 0.0001 = $1).

For Example if EUR USD forex pair heads from 1.2000 to 1.2001 - this is equivalent to 1 pip - a pip is the 4th decimal place in the forex quote.

Therefore, for 20 Pips Move in a Mini Account the profit or loss will be equal to:

20 pips* $1 per pip = $20

Hence, 20 pips move for Mini lot is equal to $20 dollars

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